Hiring up by 2% in October 2015: TimesJobs RecruiteX

Talent demand rose by 2 per cent during October 2015 as hiring activity picked up pace across key sectors, reveals the latest RecruiteX, the recruitment index of TimesJobs.com. Overall, hiring activity has witnessed a 2 per cent rise since August 2015.

TimesJobs.com Bureau

Among key sectors, IT, BPO/ITeS and consulting services posted a significant rise in demand for talent. Engineers were in demand in October 2015. Entertainment/media/journalism professionals posted the maximum rise in demand.

Hiring activity was active across experience categories barring over the 20-years experience bracket, which reported a 1 per cent drop in demand during the month.

Candidates with less than 2 years of experience witnessed the maximum rise in demand. The category posted a rise of 11 per cent in month-over-month analysis.

The supply index witnessed a 9 per cent drop during October 2015. IT/telecom and retail industries reported the maximum drop in supply of talent during the month. These sectors witnessed an average drop of 25 per cent in job-seeking activity during the month of October 2015.

Demand

Overall, hiring rose by 2% during October 2015. IT/telecom and consulting sectors, core and support functions and metros contributed to the rise in hiring activity.